Rera
Act
Maharashtra
Karnataka
Telangana
Andhra Pradesh
Uttar PradeshReal Estate agent Registration in
daman and diu
Starts at Rs. 3000 /-
(Takes 5-7 days)
Filing of Application for RERA Registration
Secure RERA Number and Certificate
Dedicated manager to process your RERA registration end to end
Completely Online– No need to visit office
Please note that Certificate of Competency is mandatory.
Register as an agent
Overview
Real estate agents are the heart of real estate industry . They are the mediators facilitating transactions between builder and buyer . With RERA, that will soon come into force, all brokers will have to be mandatorily registered with the concerned state-level regulatory authorities. Real estate agents will be given a registration number by the authority which will be valid for 5 years and will be quoted in every transaction facilitated by him.
Real estate agents will also be penalized if they will falsely represent any information regarding project to buyers. Penalty will extend upto Rs 10,000 per day and maximum 5% of total project cost. Real estate agent is also required to keep books of accounts of the projects they are indulged in and are answerable for them.
Documents Required for Registration
Pan Card of real estate agent /partners / Directors
Aadhar card of real estate agent /partners / Directors
Photograph of the real Estate Agent/partners / Directors
Registration proof (Partnership Deed or COI in case of Company)
Income tax return for Last 3 financial years or Declaration
Business Pan card (in case of partnership & company)
Self Certified Letter head along with rubber stamp
Proposed invoices to be used
RERA Government Fees
| Particulars | Govt. Fees(in Rs.) |
|---|---|
| RERA Registration for Individual | 10000 |
| RERA Registration for other than Individual | 100000 |
Timeline for RERA Registration
As per the act, the RERA certificate will be issued in 30 days by the RERA department. However, in some cases, it may come earlier or with some delay.
FAQ's on RERA Registration
Ques 1: Why have some sections of the Act not been notified yet?
Ans: Some sections of the Act have not been notified yet, as the institutional structures, namely the establishment of the Regulatory Authority and the Appellate Tribunal are necessary prior to their enforcement. For e.g. projects can only be sold after they are registered with the Authority, thus, in the absence of the same there would be a vacuum.
Ques 2: What was the need for a regulatory law for the real estate sector?
Ans: The real estate sector has grown in the recent years but has largely been unregulated from the perspective of consumer protection. Though, consumer protection laws are available, the recourse available therein are only curative, but not preventive. This has affected the overall potential growth of the sector due to absence of professionalism and standardization.
Ques 3: Who is the appropriate Government as per the Act?
Ans: Section 2(g) of the Act defines appropriate Government to mean as follows: (i) for the Union territory without Legislature, the Central Government; (ii) for the Union territory of Puducherry, the Union territory Government; (iii) for the Union territory of Delhi, the Central Ministry of Urban Development; (iv) for the State, the State Government.
Acts & Rules in daman and diu
| The Real Estate ( Regulation & development) Act, 2016 | Download PDF |
| The Real Estate ( Regulation & development) Rules, 2017 | Download PDF |
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